Stop Cash Shrink

Louisiana’s top banking regulator has joined colleagues in a dozen other states asking Congress to clear the way for banks to do business with the marijuana industry. The Advocate reports that John Ducrest, commissioner of the Louisiana Office of Financial Institutions, was one of 13 state financial regulators signing a letter to congressional leaders in

A handful of small Louisiana financial institutions are quietly moving forward with providing banking services for the state’s medical marijuana industry, tentatively relieving an uncertainty that dispensaries and growers have faced throughout the U.S. The institutions’ decisions come despite compliance headaches involved with banking a business sector that stands at odds with federal law. There